North America Prescription Lens Market Size & Outlook
North America prescription lens market, 2018-2030 (US$M)
Related Markets
North America prescription lens market highlights
- The North America prescription lens market generated a revenue of USD 11,463.6 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, single vision was the largest revenue generating type in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,463.6 million |
| Market revenue in 2030 | USD 15,264.0 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bifocal, Trifocal, Progressive, Workspace Progressives, Single Vision |
| Key market players worldwide | Essilorluxottica, ZEISS Group, Hoya Corp, Privé Revaux, Vision Ease Eyewear, Seiko Optical Products, Vision Rx Lab |
Other key industry trends
- In terms of revenue, North America region accounted for 24.9% of the global prescription lens market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,808.1 million by 2030.
Single vision was the largest segment with a revenue share of 26.99% in 2023. Horizon Databook has segmented the North America prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
North American region includes the U.S. and Canada markets. Availability of well-developed primary, secondary, tertiary care hospitals supported growth of the North American region. Moreover, welldeveloped reimbursement network and favorable government funding are major factors anticipated to fuel market growth.
Increasing prevalence of myopia and presbyopia, especially in children of countries such as Canada and the U.S., are expected to increase demand for treatment procedures in North America. According to the American Optometric Association, currently, there are 45 million people who wear contact lenses in America.
These comprise 15.5% of adults (more than 25 years and older), 14.5% of adolescents (less than 17 years), and 24.4% of young adults (between 18 and 24). In addition, technological advancements in the field of prescription lens have supported market growth.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America prescription lens market size, by country, 2018-2030 (US$M)
North America Prescription Lens Market Share, 2023 & 2030 (US$M)
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